A Troubled Double Life

An SEC official steps down

The chief of enforcement at the Securities and Exchange Commission seemed the very pillar of rectitude. Hardworking and scrupulous, John M. Fedders, 43, had a reputation as a vigorous prosecutor of disclosure fraud and insider trading. A former partner in the Washington law firm of Arnold & Porter, he was the father of five sons, a member of the high-toned Congressional Country Club and a churchgoing Catholic who idolized General George Patton. In fact, unknown to almost everyone, Fedders was leading a Jekyll and Hyde double life.

Last week the dark side of that life was revealed by the Wall Street...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!